BlackRock (BLK), the world's largest asset manager, increased its ownership in Strategy (MSTR) to 5%, according to a recent Schedule 13G filing. BlackRock Increases Stake in Strategy to 5%, STRK Rally in Pre-Market Trading The firm increased its stake by 0.91% from 4.09% as of September 30, 2024, to approximately 11.2 million shares. A Schedule 13G filing is required when an investor purchases more than 5% of a publicly traded company's stock but does not intend to control or influence management. Institutional investors must file the form within 45 days of year-end, or 10 days if their ownership exceeds 10%. BlackRock had until Feb. 14 to disclose its updated position, as its filing deadline is Dec. 31, 2024. STRK Gains After Nasdaq Debut The news comes as Strategy’s perpetual preferred stock (STRK) continues to gain traction following its Nasdaq debut on Thursday. STRK closed its first trading session up 2%, with more than 650,000 shares changing hands. In pre-market trading, STRK continues its rally with a 5% increase as investor interest increases. With BlackRock increasing its stake and STRK gaining momentum, investors are closely watching Strategy's market performance in the coming weeks. *This is not investment advice. Continue Reading: BlackRock, the World's Largest Asset Manager, Continues to Buy Stake in Michael Saylor's Company! Here Are the Details
USDT balance on TRON nears all-time high
